Accounting Associate - Oil and Gas

Whitley-Pen; Houston (TX); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical Insurance

Dental and Vision Insurance

Firm holidays

Paid PTO

Parental Leave

401(k) with Profit Sharing

Discretionary Bonus Program

Becker CPA Review Course & Reimburse

Health & Wellness Program

Pet Insurance

Job summary

Whitley Penn, one of the nation’s leading audit, tax, and advisory firms, is seeking an Associate in Houston. The role focuses on GAAP for Oil & Gas accounting, external reporting, and client engagements with hybrid work expectations.

You will monitor AR/AP, prepare monthly statements, and assist in annual cycles under supervision. CPA eligibility is preferred, with a culture of collaboration and professional growth.

Qualifications

• 2–4 years of experience in Oil & Gas accounting and analysis.
• BA or Master’s in accounting or financial management.
• CPA or CPA eligibility preferred.
• Basic knowledge of GAAP and GAAS in Oil & Gas accounting.
• Familiarity with ARO, depletion, impairment and other industry calculations.
• Proficiency in Microsoft Excel.
• Proficiency in WolfePak and/or Ogsys accounting software.
• Strong communication and analytical skills.
• Able to meet deadlines in a fast-paced environment.

Responsibilities

• Participate in client engagements to understand the engagement process and gain accounting knowledge.
• Monitor accounts payable and accounts receivable.
• Prepare daily receipts, monthly revenue intake sheets, spreadsheets and inter-company reports.
• Ensure monthly transactions are recorded accurately.
• Participate in monthly, quarterly and yearly accounting cycles and prepare financial statements.
• Coordinate JIB, revenue and other monthly accounting processes.
• Perform monthly revenue tasks and reconciliations for deferred revenue.
• Support external audit activities.
• Communicate with clients to gather information and build trust-based relationships.
• Manage personal billable hours within engagement budgets.
• Develop knowledge of the firm and its capabilities.
• Participate in community events and professional development.

Skills

Oil & Gas accounting

Analytical skills

Time management

Communication skills

Education

BA or MS in accounting or financial management

CPA eligibility preferred

Tools

WolfePak

Ogsys

Microsoft Excel

Job description

Whitley Penn,oneofthe nation’s leading audit, tax, and advisoryfirms, is looking for an Associate to join our team!

The Associate is expected to demonstrate a basic knowledge of Generally Accepted Accounting Principles specifically related to Oil & Gas Accounting, with the ability to appropriately apply them to conduct outsourced accounting functions and special projects, under the supervision of various professionals. Assignments may include, but are not limited to, monitoring accounts payable and receivable, participating in monthly, quarterly and yearly accounting cycles, preparing monthly financial statements, and conducting monthly revenue-related tasks. Performance is evaluated based on the quality of work, application of accounting knowledge, and ability to meet specified time constraints and deadlines.

Whitley Penn has become oneof the fastestgrowing public accounting firms by providingexceptional, personalizedservice that reaches far beyond traditional accounting.In addition toAudit and Taxsolutions, we offer awiderange of Advisoryand Consulting services. Weworkin collaborative teams with an emphasis onan open-door policy,entrepreneurial thinking, and awell-builtculture.At Whitley Penn, welearn, innovate, andachieveby sharing knowledge, embracingnew ideas, and working together.We’relooking for professionals who think likeowners and want to bepartof shaping a high-growth firm.

Classification: Full-time; Exempt

Department: Energy Accounting and Consulting

Location: Houston

Office Expectations/Hours: Hybrid; (WFH Wednesday/Friday) general work schedule is Monday – Friday, 8 hours/day between 8am to 5pm with overtime, as needed.

What You Will Do

• Participate in client engagements where you will develop an understanding of the entire engagement process and gain real-world accounting and business knowledge
• Monitor accounts payable and accounts receivable
• Prepare daily receipts, monthly revenue intake sheets, spreadsheets files and inter-company reports
• Monitor and ensure that all monthly transactions are accurately recorded
• Participate in monthly, quarterly and yearly accounting cycles and prepare monthly financial statements
• Coordinate JIB, revenue and other monthly accounting processes
• Perform monthly revenue related tasks and analysis, including monthly revenue close process and reconciliations related to deferred revenue accounts
• Support external audit activities
• Identify, measure and analyze data
• Learn to communicate and proactively work with clients to build trust-based relationships and gather information needed to conduct assignments in an organized and efficient way
• Learn how engagement budgets connect to firm financial results and how to manage your personal billable hours to engagement budgets
• Develop knowledge of the firm, including its professional capabilities
• Participate in community organizations/events through volunteer and networking opportunities
• Participate in professional development and training sessions throughout the year
• Participate in the firm’s annual performance management and goal setting process

What You Need to Get Here

• 2-4 years of experience in Oil & Gas accounting and analysis, demonstrating a progression in complexity, scope and number of engagement assignments.
• BA or Master’s in accounting or financial management.
• CPA or CPA eligibility preferred
• Basic knowledge of Generally Accepted Accounting Principles and Generally Accepted Auditing Standards, specifically related to Oil & Gas Accounting
• Familiarity with ARO, Depletion, Impairment and other industry specific calculations
• Proficiency in Microsoft Office Excel
• Proficiency in WolfePak and/or Ogsys accounting software
• A professional appearance and demeanor
• An eagerness to learn and acquire new skills and knowledge
• Excellent analytical and problem-solving skills
• A strong work ethic, strong time management skills and the ability to meet deadlines in a fast-paced environment; responsible and self-motivated
• Organizational skills and ability to multi-task
• Strong communication skills, both orally and in writing
• Ability to work respectfully and productively with diverse individuals in a variety of roles

Why Whitley Penn

Our total rewardsareincrediblycompetitive. We work hard and recharge so that we can be our best selves for our clients.Exploresome of our benefits below:

• Firm Paid Medical Insurance(Free Employee Only Coverage on 2 of 3 plans)
• Voluntary Dental and Vision Insurance
• 17 Annual Firm holidays, with extended breaks around July 4 th and year end
• 20 days PTO
• Paid Maternity and Parental Leave
• 401(k) with Profit Sharing
• Discretionary Bonus Program
• Firm Paid Becker CPA Review Course & Reimbursement for Exam Fees
• Health & Wellness Program
• Pet Insurance

Whitley Penn is proud to be an equal opportunity workplace. We recruit, employ, train, compensate, and promote without regard to age, race, creed, gender, color, religion, national origin, sexual orientation, gender identity, veteran status, disability or any other basis protected by applicable federal, state, or local law. Whitley Penn is a participant in E-Verify please follow the link to review disclosure notifications: https://www.dropbox.com/s/olsr5xgsgxsntu3/E-Verify%20Notices.pdf?dl=0 . All employment is decided on the basis of qualifications, merit, and business need.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.